LG Chem Secures Cathode Active Materials for PPES

■ Upcoming collaboration of LG Chem and Prime Planet Energy & Solutions (PPES)

■ LG Chem to supply PPES with cathode active materials (CAM): Targeting to start in 2026

■ LG Chem CEO Shin Hak-cheol calls the deal "a significant milestone" that reinforces the company's aim to continue forging global collaborations

Seoul, September 23, 2024 - LG Chem today announced it has secured a supply of cathode active materials (CAM) for Prime Planet Energy & Solutions (PPES), a Japanese joint venture of Toyota Motor Corporation and Panasonic Corporation.

PPES, a pivotal EV battery manufacturer based in Japan, has been supplying batteries to numerous global OEMs including Toyota.

As part of its global expansion, LG Chem will join forces with PPES's EV battery strategy. Targeting to start in 2026, LG Chem will supply CAM to PPES' plant in Japan.

A leading supplier of CAM, LG Chem leverages its advanced, green conducive technologies to secure business with multiple global customers. Sharing with PPES the same vision of contributing to decarbonized society, LG Chem's technical approach on CAM focuses on sustainable and innovative processes to ensure minimal environmental impact while maximizing battery performance.

"Securing the cathode materials supply for PPES is a significant milestone," said Shin Hak-cheol, CEO of LG Chem. "With our unique product and process technologies and competitive supply chain, we aim to continue forging global collaborations."